Loans Blog

A financial expert has warned that the availability of personal loan products could well reduce even further in the coming months.

First Plus is the latest company to withdraw the provision of personal loans from its services.

Michelle Slade, a market analyst from Moneyfacts, has reportedly suggested that the market will shrink further now that one of the biggest lenders has withdrawn.

Michelle said: "Unfortunately, many lenders are no longer finding secured loans a viable business option."